The Federal Capital Territory (FCT) N1.783 trillion statutory appropriation bill for 2025 on Wednesday scaled second reading in the Senate.
The resolution of the Senate followed an executive communication from President Bola Ahmed Tinubu transmitted to the Senate, which was subsequently passed for first and second reading.
Senate President Godswill Akpabio read the President’s letter of request seeking the Senate’s consideration and approval of the FCT 2025 Appropriation Bill.
According to Tinubu’s letter, “The objective of the 2025 FCT Statutory Budget is for job creation, youth empowerment, social welfare services, infrastructure, as well as increasing productivity in agriculture.
He said that of a total expenditure of N1,783,823,708,292 proposed for the year 2025, 85% is for capital expenditure, which is dedicated to the completion of ongoing projects, while 15% is for new capital projects.
“This is to sustain the ongoing efforts of providing basic infrastructure and social amenities in the capital territory.”